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Sunday, April 6, 2014

GE Strengthens India's Localization Efforts in Wind Energy

GE Strengthens India's Localization Efforts in Wind Energy

MUMBAI, INDIA---April 4, 2014---GE (NYSE: GE) today introduced the 1.7-103 wind turbine, its first wind turbine developed and engineered specifically for India's low-wind speed conditions. For wind farm operators, the turbine's large 103-meter rotor will help deliver high-efficiency output and attractive project economics. The 1.7-103 also provides a 30 percent increase in annual energy production compared to its predecessor, the 1.6-82.5 wind turbine.

GE continues to work towards developing advanced technology solutions that improve the quality of life in India. The launch of the 1.7-103 is another key step in strengthening its deep commitment to India. A 100-megawatt wind farm powered by 1.7-103 turbines can generate the electricity required to fulfill the needs of 413,000 Indian homes per year and offset carbon emissions of 291,000 tonnes of carbon dioxide per year.

India is rapidly increasing its power generation using renewable energy. Renewables now constitute more than 5 percent of India's energy mix by production and 12 percent by installed capacity.

The cost of wind power in particular is now close to grid parity, and advancement in technology is making its generation more predictable.

This turbine uses GE's evolutionary technology platform and is based on the success of the 22,000 GE wind turbines installed globally.

"The launch of our new 1.7-103 wind turbine is a testament to GE's commitment to energizing India and catering to India's low wind speed environment. Our latest offering underscores the company's effort to provide localized solutions to India," said Banmali Agrawala, president and CEO, GE South Asia. "As GE's latest wind turbine for India's low wind speed, the 1.7-103 offers performance and reliability that exceeds industry standards. With the 1.7-103, GE has invested in powering India in a cleaner way."

About GE in India

Present in India since 1902, GE works to innovate, partner and develop technology solutions in energy, healthcare, infrastructure and financial services that improve the quality of life in the country. With over 13,000 employees, GE's imagination is taking the nation to the future with ideas designed and developed in India---for India and for the rest of the world.

With more than 5,300 technologists, GE's research centers in Bangalore, Hyderabad, Mumbai and Chennai are developing new technologies for both India and the world, while the 13 local manufacturing facilities bring products, services and technologies closer to customers. GE in India has partnered with a number of Indian companies to develop localized solutions, meeting the needs of the country. Committed to social development across the world, GE in India is closely engaged with local communities on social and environmental issues. For more information, visit www.ge.com/in.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

About GE Power & Water

GE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar; biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world's most complex challenges related to water availability and quality. Power & Water's six business units include Distributed Power, Nuclear Energy, Power Generation Products, Power Generation Services, Renewable Energy and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE's largest industrial business.